Daily edition
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
5 stories
If implemented, the project could shorten settlement chains and reduce FX and settlement risk in Japan-Korea payments by moving from correspondent-style USD routing to direct programmable settlement rails.
Rising Same Day ACH usage indicates continued migration toward lower-cost, faster bank-account-based payments for time-sensitive payroll, bill pay and B2B flows.
If Treasury-market participants eventually use tokenized collateral to support intraday repo, that could improve same-day liquidity management and collateral mobility—but only if a sufficient base of lenders and market infrastructure emerges.
A successful pilot could modernise India’s corporate bond market by reducing settlement friction and potentially improving secondary-market liquidity.
The rule could slow customer crypto withdrawals and offshore transfers, but it may also reduce scam-related losses by giving platforms a review window before funds move abroad.